For additional context, my tax situation is very similar to what it was last year. The interests, dividends, W2 are all within less than a percent of last year's. The difference is in investment activity (1099-B was received). In this case, I sold some long held mutual funds for a loss - parts of these mutual funds were acquired prior to 2012 and hence these were categorized as long-term non-covered trades. And these are trades in equities/options (nothing fancy/exotic and no ISOs (incentive stock options), etc). I was expecting my tax bill to be lower because of this (i.e. everything similar to last year except for the tax loss harvesting). Instead, what I am finding out is that I am getting hit with AMT! After going over the forms in Turbo Tax, I am finding out that the biggest culprit is the AMT Schedule D - the AMT schedule is NOT offsetting my short term gains with the long-term non-covered losses that I took (the regular/plain vanilla Schedule D is getting this right by offsetting my short term gains with the long term losses). As a result, there is a difference between the gains in regular schedule D and AMT schedule D and that is triggering my AMT. So what I am looking for is the right way to do this so that Turbo Tax recognizes the long term non-covered losses in AMT Schedule D.
